Statement of Financial Position, Assets

The statement of financial position provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets, Selected Items

Item

Description

The company

Current assets

Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

Coca-Cola Co.’s current assets increased from 2016 to 2017 but then declined significantly from 2017 to 2018.

Property, plant and equipment, net

Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.

Coca-Cola Co.’s property, plant and equipment, net declined from 2016 to 2017 but then slightly increased from 2017 to 2018.

Noncurrent assets

Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.

Coca-Cola Co.’s noncurrent assets declined from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.

Total assets

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

Coca-Cola Co.’s total assets increased from 2016 to 2017 but then declined significantly from 2017 to 2018.

Current Assets, Selected Items

Item

Description

The company

Cash and cash equivalents

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.

Coca-Cola Co.’s cash and cash equivalents declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.

Marketable securities

Amount of investment in marketable security, classified as current.

Coca-Cola Co.’s marketable securities increased from 2016 to 2017 but then slightly declined from 2017 to 2018.

Trade accounts receivable, less allowances

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.

Coca-Cola Co.’s trade accounts receivable, less allowances declined from 2016 to 2017 and from 2017 to 2018.

Inventories

Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.

Coca-Cola Co.’s inventories declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.